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483 dead, flood loss more than Kerala’s annual outlay: Kerala CM

by AIP Online Bureau | Aug 30, 2018 | Indian News

  THIRUVANANTHAPURAM: The Kerala flood disaster has claimed 483 lives and the estimated value of destruction "is more than the annual outlay of our state", Chief Minister Pinarayi Vjayan said on Thursday.  Initiating the debate at a special one-day...

Crytocurrency storage firm Kingdom Trust obtains insurance through Lloyd’s

by AIP Online Bureau | Aug 29, 2018 | International News, Reinsurance

  London: Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London SOLYD.UL to protect against theft and destruction of those assets, the company said on Tuesday.   The move by...

LIC Board to meet on September 4 to decide modalities for raising stake to 51% in IDBI Bank

by AIP Online Bureau | Aug 29, 2018 | Indian News

  Mumbai: The LIC board will meet on September 4 to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 percent, a move that will provide insurance behemoth entry into the banking space. The board will discuss time line for open offer,...

IBM partners with Indian tech firms for solutions to tackle natural disasters

by AIP Online Bureau | Aug 29, 2018 | Indian News, Technology

  New Delhi: IBM today said it has partnered with a host of organisations, including Invest India, Wipro, and IT body Nasscom for its 'Call for Code' initiative that aims to build global solutions for disaster management. Announced in May this year,...

Prepare a list of the public sector banks that can be merged: Govt asks RBI

by AIP Online Bureau | Aug 29, 2018 | Indian News, Policy

  New Delhi: The government has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said.   In a meeting this...
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